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Wealth & Poverty Review Medved on Deserving vs. Undeserving Rich

The Obama administration and its media allies are doing what they can to fan the flames of class conflict. 


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Some recent polls
suggest the campaign is having an effect on public opinion. But Michael
Medved digs
a little deeper into the data, and argues that Americans don’t
generally dislike the “rich,” but rather, the undeserving rich:

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The biggest challenge for Mitt Romney isn’t that
America hates the rich; it’s that the public hates the undeserving rich, and
deeply resents privileged punks and politically connected connivers who never
performed constructive service to make their millions.

This is an important distinction, reminiscent
of Arthur Brooks’s distinction between “earned” and
“unearned” success. 


Jay W. Richards

Senior Fellow at Discovery, Senior Research Fellow at Heritage Foundation
Jay W. Richards, Ph.D., is the William E. Simon Senior Research Fellow at the Heritage Foundation, a Senior Fellow at the Discovery Institute, and the Executive Editor of The Stream. Richards is author or editor of more than a dozen books, including the New York Times bestsellers Infiltrated (2013) and Indivisible (2012); The Human Advantage; Money, Greed, and God, winner of a 2010 Templeton Enterprise Award; The Hobbit Party with Jonathan Witt; and Eat, Fast, Feast. His most recent book, with Douglas Axe and William Briggs, is The Price of Panic: How the Tyranny of Experts Turned a Pandemic Into a Catastrophe.